The Finish Line, Inc. (NASDAQ:FINL) rose 6.7% on Friday . The stock traded as high as $8.89 and last traded at $8.89, with a volume of 2,556,953 shares. The stock had previously closed at $8.33.

FINL has been the subject of several recent research reports. Monness Crespi & Hardt upgraded shares of The Finish Line from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.09 to $17.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of The Finish Line from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Bank of America Corporation increased their target price on shares of The Finish Line from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. FBR & Co reiterated a “buy” rating and set a $22.00 target price on shares of The Finish Line in a research note on Tuesday, June 27th. Finally, BidaskClub downgraded shares of The Finish Line from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Seven research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the stock. The Finish Line currently has an average rating of “Hold” and a consensus target price of $11.79.

The stock’s 50-day moving average price is $12.39 and its 200 day moving average price is $14.35. The company’s market capitalization is $356.90 million.

The Finish Line (NASDAQ:FINL) last issued its quarterly earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $429.80 million during the quarter, compared to analyst estimates of $433.97 million. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS. Equities analysts anticipate that The Finish Line, Inc. will post $0.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 25th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend is Wednesday, August 23rd. The Finish Line’s dividend payout ratio is currently -89.80%.

In related news, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction that occurred on Saturday, July 15th. The shares were sold at an average price of $22.71, for a total value of $170,892.75. Following the sale, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $269,386.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction that occurred on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total transaction of $88,348.59. Following the completion of the sale, the chief operating officer now owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in The Finish Line during the second quarter worth approximately $102,000. State of Alaska Department of Revenue increased its stake in The Finish Line by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock worth $112,000 after buying an additional 3,464 shares during the last quarter. Mason Street Advisors LLC increased its stake in The Finish Line by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock worth $135,000 after buying an additional 620 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in The Finish Line by 7.4% in the first quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock worth $135,000 after buying an additional 650 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in The Finish Line during the first quarter worth approximately $157,000. Institutional investors and hedge funds own 99.94% of the company’s stock.

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About The Finish Line

The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.

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